trending Market Intelligence /marketintelligence/en/news-insights/trending/aWxMs_P2Nk10fQyBpzDC3w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NJ solar renewable energy credit prices falter; class I markets edge up

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


NJ solar renewable energy credit prices falter; class I markets edge up

Solar and nonsolar renewable energy credit prices at markets around the country were varied in overall thin trading to end December and the year.

During the week ended Dec. 27, New Jersey energy year 2019 solar RECs declined more than 50 cents in value from the week prior, coming in at an index of $228.13/MWh.

New Jersey SREC prices dipped against a backdrop of ample supply and limited buying interest. According to recent data posted by the New Jersey Office of Clean Energy, the state boasted more than 2,640 MW of solar capacity as of Oct. 31.

Class I market in the Garden State moved slightly higher during the period under review. New Jersey 2019 class Is notched a weekly average at $6.13/MWh, up 6 cents from the week prior.

Washington, D.C., SREC prices remained unmoved during the week ended Dec. 27, with 2018 values at $342.50/MWh and 2019 at $355.00/MWh.

The Council of the District of Columbia on Dec. 18 unanimously approved a bill establishing a 100% renewable portfolio standard for the nation's capital. Bill 22-904 increases the District's existing RPS of 50% by 2032 to 100% by 2032 and the solar energy mandate to 10% by 2041.

The bill, which amends the Renewable Energy Portfolio Standard Act of 2004, would require utilities operating in the district to source all of their electricity from renewable energy over the next 15 years.

The bill would also mandate utilities to source at least 5% of electricity from solar by 2032, would increase the lifetime eligibility of SRECs from three to five years and would move forward the solar carve-out requirement schedule by two years.

Mayor Muriel Bowser has 10 business days to sign the act, veto it or let it pass without her signature. Although she is expected to sign it, a unanimous vote from the council would override any veto from the mayor.

SNL Image